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Delete Name Field in the Standstill Agreement

Delete Name Field in the Standstill Agreement

Aug 6th, 2022

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What is the meaning of standstill period?

Contract Award: Awarding a contract refers to the process of notifying a tenderer that they have been formally chosen as the supplier for a particular contract upon acceptance of their bid or proposal.

What is an example of a standstill clause?

A standstill agreement, for use in the context of a restructuring, whereby secured creditors agree not to enforce their security or demand payment of their debts for a period of time with the aim of enabling a consensual restructuring to be negotiated.

What happens when a standstill agreement expires?

Unless the standstill indicates otherwise, all parties must agree to the extension. Consideration must be present for the benefit of all parties for the variation to be valid. Consideration can usually be found in the mutual grant, assumption and/or release of obligations, rights and liabilities.

What is the standstill period in ADB?

The standstill period is 10 days where the standstill notice is sent to all tenderers by facsimile or electronic means. This 10 days ends at midnight at the end of the 10th day after that on which the last notice is sent.

What are standstill period, contract award and voluntary transparency?

The standstill period is a period of at least 10 calendar days, during which the contract award process is suspended, i.e. you must not enter into the contract. Procurers must apply a standstill period where you issue an Award Decision Notice.

What are standstill period, contract award and voluntary transparency?

Example: if a party, in a trade agreement, commits to allowing 30% foreign ownership in domestic companies and later on decides unilaterally to allow 40%, the party can re-introduce the original level of 30% whenever it wishes (but it cannot restrict further below 30%).

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Delete Name Field in the Standstill Agreement

Decrease time spent on document management and Delete Name Field in the Standstill Agreement with DocHub

A step-by-step guide regarding how to Delete Name Field in the Standstill Agreement

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

Got questions?

What is the meaning of standstill period?

What is an example of a standstill clause?

What happens when a standstill agreement expires?

What is the standstill period in ADB?

What are standstill period, contract award and voluntary transparency?

What are standstill period, contract award and voluntary transparency?

See why our customers choose DocHub

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